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US approves million-dollar pay for bailed out execs
OPS_admin | Dec 26, 2009 | Comments 0
US officials unveiled pay packages for top executives at bailed-out housing finance giants Fannie Mae and Freddie Mac worth as much as six million dollars in a new step back from a clampdown on executive compensation.
Documents filed by the regulator for the two firms showed Fannie Mae chief executive Michael Williams and Freddie Mac CEO Charles Haldeman could each earn up to six million dollars per year, although some of that may depend on the performance of the companies and a portion will be deferred compensation.
Six other high-level executives at Fannie Mae and four others at Freddie Mac could earn over one million dollars, depending on performance,.
Full Story US approves million-dollar pay for bailed out execs | Raw Story.
Filed Under: Economy - Labor
